STOCKS NEWS EUROPE-CGG up on strong cash flow results

Shares in CGG Veritas (GEPH.PA) rise as much as 2.9 percent in early trade, the third biggest gainers on France's broad SBF 120 index .SBF120, after the oil services company reports third-quarter results that please investors.

"In a difficult environment still affected by overcapacities, these quarterly results show better-than-expected EBITDA margins for CGG Veritas, which generates free cash flow of $148 million," write CM-CIC analysts in a note.

CGG Veritas shares are 2 percent higher, at 15.27 euros. The stock has gained 42 percent since the start of the year.

For a link to the group's results, double click on [ID:nLA599122]

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